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"The partnership could also pave the way for broader Saudi participation in Pakistan’s privatization and infrastructure investment programs."

DON'T WE HAVE A SECOND POTENTIAL BUYER FOR OUR THAR BLOCK VI WHO WILL BE IN A READY STEADY STATE WITH BIGGGGG POCKETS????

GLA HOLDERS

"According to industry sources, Saudi investors are expected to focus on strengthening K-Electric’s financial health, improving grid reliability, and exploring renewable integration to align with Saudi Arabia’s global sustainability goals. The partnership could also pave the way for broader Saudi participation in Pakistan’s privatization and infrastructure investment programs.

It is worth mentioning here that with this acquisition, Riyadh reinforces its status as one of Islamabad’s most important strategic and economic partners. The transaction not only cements Saudi Arabia’s growing presence in Pakistan’s energy landscape but also sends a strong signal to global investors about renewed confidence in the country’s regulatory and financial reforms."

Prince Mansour bin Mohammed Al Saud’s participation underscores Saudi Arabia’s broader strategy of diversifying its foreign investments through the Vision 2030 initiative, which promotes global energy partnerships and private-sector-driven growth. The Kingdom has already ramped up investment activity across Pakistan’s mining, refinery, and energy transmission sectors, with the K-Electric acquisition adding a major urban utility to its expanding South Asian portfolio.

"Shehryar Chishti, whose AsiaPak Investments holds a significant stake in KES Power, and in turn K-Electric, played a central role in structuring the agreement. Chishti described the deal as a “turning point for Pakistan’s power sector” that would unlock new opportunities for modernization, technology transfer, and institutional governance. Both parties emphasized their intention to strengthen K-Electric’s operational efficiency, renewable integration, and customer service delivery under the new ownership structure.

The endorsement by the leadership of both the countries signals growing geopolitical and commercial alignment between the two countries, particularly in the energy domain, which has been a cornerstone of their relationship for decades, said industry sources.

K-Electric, originally nationalized in the 1950s and privatized in 2005, has undergone multiple ownership changes but continues to face operational and regulatory challenges tied to Pakistan’s broader energy sector complexities. The Saudi investment could mark a turning point by introducing new management expertise, financial discipline, and an expanded regional partnership network."

Nice top up for me

GLA

But still is highly significant for the power industries in general, hence the sp reaction that we see

@Adi3390

Then in that case this news I believe is highly significant as things on all front will be accelerated in Pakistan

@Optic15

Just logged in, what have I missed?

@ Inquisitive

Quick AI search and found this:

As of October 2025, there is no EU Strategic Project Status for black schist deposits. However, the European company Metals One is actively pursuing this designation for its Black Schist Project in Finland under the new EU Critical Raw Materials Act (CRMA).

Here is a summary of the project and its application:

Project location: Finland, within the mineral-rich Paleoproterozoic Kainuu Schist Belt.

Targeted minerals: The project, which is near Europe's largest operating nickel mine, targets sulphidic nickel, copper, cobalt, and zinc.

Application timeline: Metals One announced its intention to apply for "Strategic Project" status within the first quarter of 2025, following a preliminary economic assessment.

Expected benefits: The designation, if granted, would provide significant advantages under the CRMA, including streamlined permitting and access to EU funding programs and financing.

EU context: The European Commission has already approved 47 strategic projects inside the EU and 13 outside the EU in 2025 under the CRMA, focusing on minerals crucial for the green and digital transitions. The CRMA aims to secure Europe's supply of strategic raw materials.

In summary, the application for Strategic Project status for the Black Schist project is ongoing and is being processed by the European Commission following the first round of applications submitted under the Critical Raw Materials Act.

"average cost down"

I am inclined to average down my position based on the Black Schist project which I think will come good and its a vast project and you mention the funding from EU

@Toffeeman123

Totally agree its nothing to do with MET1.

@Roger

I think this was posted just to alert that this sort of scam happened covering the US market.

IF there were any issues encountered, they would have issued RNS straight away as they would have been oblidged to do so ( as in the case of FDR).

GLA

Metals One's biggest project is the Black Schist Project in Finland, which the company considers its flagship asset. When are they likely to carry out real work on this?

I believe this is going to be big. Might top up more

GLA

"MobileMT... mapped subsurface geological units and structures under considerable cover."

MobileMT: This is an advanced airborne electromagnetic (EM) survey technology. A helicopter tows a sensor that measures natural electromagnetic fields to map the electrical properties of rocks deep beneath the surface.

Under considerable cover: The MobileMT technology successfully "saw" through thick layers of overlying rock and sediment, which would have made other exploration methods ineffective.

"...a prominent resistive dome-like structure..."

Resistive: This refers to a rock formation that poorly conducts electricity. In geology, high resistivity can be associated with certain types of gold deposits and alteration zones (e.g., silicification), and some fresh, unaltered intrusive rock formations.

Dome-like structure: This describes the target's shape, which is a key structural feature in the nearby Telfer gold mine. It is a desirable geological feature for mineral exploration because domes can act as traps for mineralising fluids.

"...clearly correlates with a broad/deep seated gravity anomaly."

Gravity anomaly: This indicates an area where the Earth's gravitational field is either higher or lower than expected. A "gravity anomaly" reveals variations in the density of the rocks beneath the surface. A positive anomaly suggests denser-than-average material.

Correlates: The fact that the electrically resistive dome lines up with a gravity anomaly is a very significant finding. Electrical resistivity and rock density are two completely different physical properties, so their alignment makes the target more robust. The gravity anomaly's "broad/deep seated" nature suggests the target is large and extends far below the surface.

What this means for Wishbone Gold

The geophysicist's statement represents a major and highly positive step for the Red Setter project. It means that:

A strong, two-pronged case has been built for a deep target. The correlation of the resistive dome from the MobileMT survey with the dense gravity anomaly creates a powerful, integrated model of the subsurface.

A "Telfer-style" target has been identified. The company has openly compared this dome-like structure to the nearby and hugely successful Telfer gold mine, suggesting it could be a similar gold system at depth.

Drilling is justified. The quality and depth of the geophysical evidence make a strong case for deeper, more focused drill testing to confirm the potential for gold mineralisation.

WE HAVE A MONSTER !!!!

Https://www.sec.gov/enforcement-litigation/litigation-releases/lr-25366

14%

Up 6% now and rising